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Stocks in the news: Infosys, IL&FS Engineering, Axis Bank, Hexaware, UltraTech Cement

Infosys | ILandFS Engineering | Axis Bank | Camlin Fine | IIFL Holdings | Rushil Decor | Redington | Hexaware and UltraTech Cement are stock, which are in news today.

December 11, 2017 / 09:01 AM IST

Here are stocks that are in news today:

Unitech in focus
-Ministry of Corporate Affairs (MCA) to submit its list of 10 directors for Unitech on December 20 to National Company Law Tribunal (NCLT)
-MCA to request NCLT to allow nominated directors to take charge with immediate effect
-MCA nominated directors to be a mix of bankers, legal experts, CA, real estate experts
-MCA nominated board to first focus on state of affairs at Unitech
-MCA nominated board to take stock of assets, liabilities, defaults, delayed projects
-MCA nominated board to take stock of existing projects, under construction projects
-MCA nominated board to take stock of dues outstanding to creditors
MCA secretary to CNBC-TV18
-The duty of the govt is to protect public interest
-Unitech had jeopardised the interest of 20,000 home buyers
-Unitech had jeopardised the interest of 15,000 small depositors
-Unitech had jeopardised the interest of all its shareholders
-Government invoked Section 241 & 242 of Companies Act to seek immediate removal of Unitech board members
-Happy that our prayer has been accepted by the court
-Existing Unitech directors restrained from alienating their personal assets

-MCA action on Unitech will be fitting example of price to pay for not complying with law

Bulk Deals
Essar Securities
-Essar Capital sells 4,00,000 shares at Rs 14.21 per share
Fine-line
-ICICI Bank sells 1,96,366 shares at Rs 13.99 per share
-Kapurwala Properties buys 1,99,000 shares at Rs 13.99 per share
Indoco Remedies
-FS INV ICVC Stewart Investors Asia Pacific Fund sells 10,00,000 shares at Rs 266.04 per share
Rama Steel Tubes
-Bharti Axa Life Insurance Company buys 1,00,000 shares at Rs 185 per share
Religare Enterprises
-LTD Yes Bank sells 19,00,000 shares at Rs 60.80 per share
Ruchi Soya
-Cresta Fund sells 36,91,157 shares at Rs 19.42 per share
Sadbhav Infra
-Xander Investment Holding XVII sells 35,89,863 shares at Rs 133.19 per share
Shilpi Cable
-Swiss Finance Corporation (Mauritius) sells 16,48,314 shares at Rs 13 per share
-UBS Principal Capital Asia buys 16,48,314 shares at Rs 13 per share
WS Industries

Credit Renaissance Fund sells 7,43,840 shares at Rs 6.20 per share

Other stocks and sectors in the news today:
-IL&FS Engineering bags Rs 216 crore order from GAIL to be completed within 15 months Order is for laying down 158km pipeline from Dobhi to Haldia
-Axis Bank shareholders have approved raising Rs 11,626 crore from marquee investors including Bain capital
-India Ratings has downgraded Camlin Fine's long term issuer rating to A– from A with negative outlook
-IIFL Holdings in focus - Ashburton Investments to merge India equitites opporutnites fund with IIFL AMC’s fund
-Capital First has raised Rs 180 crore by issue of NCD’s on private placement basis
-Rushil Décor made advanced payment towards land for its new MDF plant
-CRISIL has upgraded Redington's long term ratings o AA/stable from AA-/positive
-Baring Asia to sell 10-15 percent in Hexaware: ET
-UltraTech Cement to set up 3.5 mtpa integrated cement plant at Pali, Rajasthan with investment of Rs 1,850 crore
-NCLT admits plea of Stanchart & DBS Bank against Ruchi Soya: Cogencis-Infosys ex-CFO case: Bansal severance row - Whistleblower writes to SEBI against Infosys’ consent plea
CNBC-TV18
first published: Dec 11, 2017 08:06 am
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